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This is a discussion on Trading System Subscriptions within the Home Trader forums, part of the Trading Career category; Originally Posted by EnlightenedJoe That seems to imply if someone wants to be a successful roulette player, all they have ...

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Old Aug 10, 2017, 8:10pm   #16
Joined Jan 2001
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Originally Posted by EnlightenedJoe View Post
That seems to imply if someone wants to be a successful roulette player, all they have to do is set up a roulette playing business, then their mathematical odds in roulette will increase ?

The point I was wanting to make was about having a business mindset rather than actuall setting up a business. As you have pointed out, the two scenarios are different.

In fact the best way to be a successful roulette player is not set up a business but to study the practices of the casino and see if there are any weaknesses in what they do and then take advantage of the weakness. Same applies in trading.

This I would liken to carrying out market research, finding an advantage over your competitors and identifying and edge or U.P.S.

For instance, in trading, the weakness of the merchants who operate markets is that they depend very heavily on misinformation to hoodwink their customers. So, if you ignore their misinformation such as setting up businesses and other seemingly clever ideas, you would have gained an advantage on them.

I guess I would liken these merchants to a business's competitors. And as you have quite rightly implied. they should generally be ignored, focus on what is within your control, rather than what everyone else is doing
I hope this provides some clarity with regards to the intention of my analogy in my previous post.
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